Shortly after receiving the call, the employee informed her superiors
asia12 hours ago
Finance Minister Arun Jaitley on Monday gave relief to small tax payers, nudged the affluent to shell out more while focusing on the rural economy with much higher fiscal outlays, as he presented India's national budget for 2016-17 in the Lok Sabha.
He also said that people living in rented houses will be eligible for deductions of up to Rs.60,000 now -- up from Rs.24,000. He also said the ceiling of tax rebate for people with income up to Rs.500,000 per annum was being raised to Rs.5,000 from the present Rs.2,000.
Read India Budget 2016-17 Highlights
But for larger tax payers, he said, the income tax surcharge of 12 percent at present was being hiked to 15 percent for incomes exceeding Rs.1 crore per annum. Suitable changes, Jaitley said, will also be made in customs and excise duty rates to push the "Make in India" programme.
A snapshot of #Budget2016 #VikasKaBudget pic.twitter.com/RmeNVvyRCv
- PIB India (@PIB_India) February 29, 2016
#Budget2016: How much resources are to be transferred to states?#VikasKaBudget pic.twitter.com/qT7RdES05q
- PIB India (@PIB_India) February 29, 2016
Here is the Central Plan Outlay, as per #Budget2016#VikasKaBudget pic.twitter.com/O21qnqwubH
- PIB India (@PIB_India) February 29, 2016
Total allocation to road sector including PMGSY: Rs. 97,000 crores #VikasKaBudget"Tax evasion will be countered strongly," he warned.
- Ministry of Finance (@FinMinIndia) February 29, 2016
#Budget2016: 'Commendable job done by FM @arunjaitley under very difficult set of circumstances.' Pawan Munjal https://t.co/8SfOJQS6fkBut in a major departure from the past, where government expenditure could be demarcated between productive and administrative expenses, the finance minister said the classigication of plan and non-plan will be done away with from 2017-18.
- NewsX (@NewsX) February 29, 2016
We must strengthen firewalls against risks through structural reforms; rely on domestic market so that growth does not slow down: FM.
- Press Trust of India (@PTI_News) February 29, 2016
Growth of GDP has accelerated to 7.6% .CPI inflation has declined to 5.4%-FM Arun Jaitley #UnionBudget2016
- ANI (@ANI_news) February 29, 2016
Financial Year 2017 will be challenging for Government expenditure-FM Jaitley #UnionBudget2016FM Arun Jaitley and his team called on President Pranab Mukherjee this morning for the customary briefing on the Budget.
- ANI (@ANI_news) February 29, 2016
FM Arun Jaitley & his team called on #PresidentMukherjee this morning for the customary briefing on the Budget pic.twitter.com/D6c3enKcGlFM Jaitley and MoS Jayant Sinha reach Parliament
- President of India (@RashtrapatiBhvn) February 29, 2016
FM Jaitley and MoS Jayant Sinha reach Parliament #UnionBudget2016 pic.twitter.com/MNhNil4kSJCopies of Union Budget 2016 brought to Parliament
- ANI (@ANI_news) February 29, 2016
JUST IN | Copies of Union #Budget2016 brought to Parliament
pics via ANI pic.twitter.com/LZ2cF4UpfJ
- CNN-IBN News (@ibnlive) February 29, 2016
Budget Highlights
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